Octopus funds new foundation with £350k donation AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis7 40 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis7 About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Howard Lake | 18 February 2015 | News Tagged with: corporate small charities Volunteering Fund management company Octopus Investments has created the Octopus Foundation, a new grantmaking charity that will support five small and medium sized charities that are achieving a significant social impact.The initial grant of £350,000 is the equivalent of all of the first year’s annual management charge on all new applications received or pledged yesterday. The company points out that it maximised this sum as the launch falls in the middle of tax year end, one of its busiest times of the year. Financial advisers and investors also had the option to pledge applications yesterday in support of the initiative.Five small charitiesThe five small and medium sized charities have already been chosen by Octopus employees. There are:* CALM* Greatwood* North and South London Cares* Rays of Sunshine Children’s Charity* Youth at Risk.The charities will benefit not only from funds raised by Octopus over the next three years but also from voluntary support from Octopus employees. Each Octopus employee will be given a day off to support one of the five charities.Simon Rogerson, CEO of Octopus, said:“It’s great to be in a position where we can now start to give a little back. We wanted to support smaller UK charities that are making a massive difference in communities around the country and where our help can go a long way to enabling them to keep doing the work they’re doing.” Advertisement
"Octopus funds new foundation with £350k donation"